Isaac Perlmutter

About Isaac Perlmutter

Who is it?: Chief Executive Officer, Marvel Entertainment
Birth Day: December 01, 1942
Birth Place: Palm Beach, Florida, United States
Birth Sign: Capricorn
Occupation: Chairman, Marvel Entertainment
Spouse(s): Laura Perlmutter

Isaac Perlmutter Net Worth

Isaac Perlmutter was bornon December 01, 1942 in Palm Beach, Florida, United States, is Chief Executive Officer, Marvel Entertainment. Isaac "Ike" Perlmutter beat out fellow billionaire Carl Icahn for control of bankrupt comic book firm Marvel in 1998; he still serves as the CEO. Perlmutter immigrated to the U.S. from Israel with just $250 in 1967 and sold toys on the streets of Brooklyn, where he was introduced to Marvel. He revived the company's stock by producing action-hero movies like Spiderman, Daredevil, Hulk and Iron Man. In 2009, he sold a majority of Marvel to Disney for $4 billion in cash and stock.
Isaac Perlmutter is a member of Media

💰 Net worth: $4.1 Billion (Updated at 22 June 2018)

2009 $1.55 Billion
2010 $1.65 Billion
2011 $1.7 Billion
2012 $2.3 Billion
2013 $2.7 Billion
2014 $3.5 Billion
2015 $3.9 Billion
2016 $3.6 Billion
2017 $4 Billion
2018 $4.11 Billion

Some Isaac Perlmutter images

Biography/Timeline

1967

Isaac Perlmutter was born to a Jewish family in pre-statehood Israel. He emigrated to the United States after serving in the Israeli Army during the Six-Day War of 1967. Arriving in New York City with only $250, he earned a living standing outside Jewish cemeteries in Brooklyn, leveraging his Hebrew skills to lead funeral services for tips.

1984

With a new partner, Bernard Marden, and leveraging the skills he attained as a wholesaler, he formed a company called Odd Lot Trading, a wholesaler and retailer of closeout items. In May 1984, they sold Odd Lot to Revco Discount Drug Stores in exchange for 12% of Revco stock. He soon challenged Revco management for control of the company but, after initial positive feedback, was rejected. Perlmutter and his partner threatened a hostile takeover but eventually refrained and sold their share back to Revco for $120 million.

1988

In 1988, he saw an opportunity as Coleco struggled under its debt due to the advent of the personal computer which impacted the sale of video games. Perlmutter bought all of Coleco's senior debt (with $85 million in face value) for $50 million, a substantial discount, becoming senior to their bondholders in the event of a bankruptcy. Although Perlmutter believed that a Coleco bankruptcy was probable, he also believed that the value of the Coleco's assets should be sufficient to cover the full $85 million in value that he had purchased. In July 1988, Coleco filed for Chapter 11 bankruptcy. The bondholders, suspicious over Perlmutter's close relationship with Coleco's management, sued Perlmutter alleging fraudulent conveyance over the barter advertising credits (which made up a very significant item on Coleco's balance sheet). After extensive negotiation, a settlement was reached whereby Coleco would be sold to Hasbro Corporation for $85 million and Perlmutter would accept $64 million for his now $90 million claim (principal plus interest) in exchange for the withdrawal of the lawsuit.

1990

Isaac Perlmutter also was the co-owner, with Avi Arad, of Toy Biz (later Marvel Toys), having purchased its predecessor company from Charan Industries in January 1990. Toy Biz, Inc. was reorganized in the Marvel deal with Perlmutter continue owning the original Toy Biz, Inc., which is renamed Zib, Inc. Zib held its foreign sales affiliate, Toy Biz International Ltd., a Hong Kong corporation and Perlmutter's share of the new Toy Biz, Inc.

1993

In 1993, Perlmutter and his wife established the Laura and Isaac Perlmutter Professorship and Chair in Cell Biology at the Skirball Institute of Biomolecular Medicine (part of the New York University School of Medicine). In addition, Mrs. Perlmutter has served as a trustee on the NYU Medical Center's Board of Trustees since 1993.

1994

In 1994, Victor Kiam sold controlling interest of Remington Products to Isaac Perlmutter. Perlmutter became Vice President of Remington. Kiam and Perlmutter sold Remington to Vestar Capital Partners in 1996.

1996

When Marvel company group went bankrupt in 1996, protracted legal battles over control of the company followed between Perlmutter, Arad, Carl Icahn, and Ron Perelman. By 1997, Perlmutter and Arad had established control over the company, pushing out Icahn and Perelman. ToyBiz and Marvel were merged into Marvel Enterprises to bring it out of bankruptcy in June 1998 with ToyBiz becoming a division of the new company.

2005

In November 2001, Perlmutter became Vice Chairman of the Board of Directors of Marvel. He became the Chief Executive Officer of Marvel Comics on January 1, 2005. He remained CEO of Marvel Entertainment, even after the acquisition of Marvel by The Walt Disney Company on December 31, 2009. Although Perlmutter received $800 million in cash and $590 million in Disney stock after the acquisition, he did not want a seat on Disney's board of Directors.

2015

In 2015, Laura Perlmutter donated $2 million to a Super PAC supporting the presidential candidacy of Sen. Marco Rubio.

2016

On June 30, 2016, Laura Perlmutter donated $449,400 to a PAC supporting Donald Trump, and later was part of Trump's Inauguration committee.

2017

In April 2017, Perlmutter was categorized by The New York Times as one of the "Clubgoers" among twenty people whom President Trump consults "outside the White House gates". He "has been informally advising ... on veterans issues [and] ... has been a presence" at Mar-a-Lago, according to the account.